In order to establish independence from Huawei and thus "ensure" Honor's continued existence, the brand and the associated business areas were sold to the company Shenzhen Zhixin New Information Technology Co., Ltd.,[1][9] a newly founded conglomerate of 30 Chinese companies, some of which have close ties to the government.[10][11] The founder and main shareholder of the conglomerate is Shenzhen Smart City Technology Development Group Co, a state-controlled company owned by the Shenzhen City Government.[1][11][12] On 17 November 2020, Huawei announced that it had sold Honor entirely.[13]
Timeline of international expansion
Honor began to offer its products internationally in 2014,[2] launching the Honor 3C in April in Malaysia,[14] followed by the Honor 6 in Europe in October.[15] By June 2015, the brand was available in 74 countries.[5] In October that year, announced to increase revenue to $5 billion with plans to focus on India.[16][17]
In 2015, Honor's Vmall online store, previously available only in China, launched in Europe and the United Kingdom, enabling direct purchases from the manufacturer.[18][19][20]
Honor made its debut in the United States with the release of the Huawei Honor 5X at the Consumer Electronics Show (CES) in January 2016.[21][6] Initially available for online purchase only, the Huawei Honor 5X was later made available at select brick and mortar stores.[21] Also this year Honor started to sell the first fitness-trackers.[2]
In August 2016, Recode reported that Honor had sold over 60 million products, generating over $8.4 billion in revenue.[22]
In January 2017 at CES, Honor announced that the Honor 6X, previously available only in China, would be available in thirteen new markets, including the United States.[23][24] The phone earned "best of CES 2017" accolades from several technology publications, including Android Authority,[25][26] Digital Trends,[27] Slash Gear,[28] and Talk Android.[29]
In 2018 Honor started to sell laptops and smartwatches, in 2019 earbuds and TVs.[2]
Since the US sanctions and the brand sale to Shenzhen Zhixin New Information Technology in 2020 Honor has maintained its presence in the Indian market and launched laptops and wearables through e-commerce platforms.[30] The first non-Huawei phone, the V40, was released in January 2021[31] and with the Honor 50 release in December 2021 they provided the first smartphone that supported Google Play Services again.[32] Globally, the brand has decided to focus aggressively on the foldable smartphone, with the intent to provide high-end foldables at affordable prices.[30]